This post might not fall under the "New Member Introduction" topic, but since I'm new to the site and it's my first thread, I figured it makes sense to post here. :)

After buying our first rental last fall with cash (LLC with business partner), we are currently refinancing the first property to a cash out refinance in order to invest in second property.

With little to no experience, no established teams (contractors, property managers, maintenance staff), and distance between you and your investment, things can fall apart QUICKLY.

You would be, but unless it’s falling off, you’re better off leaving it.

It may not be the typical style of BRRR but it falls into the category.

Once you get to around $90k or higher you fall short of the 1% at least from what I have seen.Good luck! 

Klamath Falls area in Southern Oregon also a Real Estate Agent down here 😀🙌👍

They can be handy for tracking lawn mowing and snow removal and provide footage in a slip and fall. 

The paying of utilities falls under this section, probably best under concessions.  

Anything on MLS that I am seeing has 4-5% advertised cap rates that fall apart quickly once you do a bit of due diligence.